The Real Deal New York

KLM buys 920 Broadway for $120M

KLM Construction Corporation acquired an 110,000-square-foot building at 920 Broadway in the Flatiron District for $120 million.

The Carlyle Group and ClearRock Properties handed off the 16-story office property near East 21st Street for $1,100 per square foot – a record for the area, the New York Post reported. Eastdil Secured brokers Adam Spies, Doug Harmon and Adam Doneger arranged the deal.

Asking rents in the neighborhood range from $75 to $85 per square foot on average.